e-contracts, checks that the recipient received the contents sent by the sender(Proof of Delivery), checks if document is intended to be used instead of a Purchase Order(Proof of Intent). It also in accordance with to ESIGN standards on Authentication, Contract, Consent, Electronic Signature and Record Retention.
“ESIGN” is the Electronic Signatures in Global and National Commerce Act. It’s been enacted in June 2000 by the US Congress in to simplify the use of electronic records and signatures in interstate or foreign commerce. ESIGN is widely accepted and serves as a standardization reference for many corporations.
Some years have passed since are been approved laws to provide legal mandate for electronic transactions, so named “E-Sign” (Electronic Signatures in Global and National Commerce Act). Essentially, Its main aim is to remove existing legal impediments to the use of electronic contracts in order to facilitate the growth of e-commerce.
The online contract is more efficient than traditional contract and will foster the overall improvement of e-commerce. (“E-Sign”) Indeed, has implemented a system of exchange of documents between contracting parties that eliminates the time lost by traditional media such as “snail mail” or the quality degradation which results from repeated faxing.
How It Works
- Create Contract. It doesn’t cost anything to sign up for a snapcontract account. All you have to do is enter your name and email and password.
- Send to Parties. Add contract parties and send a SnapContract signature invitation.
- Sign Online. All parties may then sign the contract online.
Snapcontract uses a method for generating secure encryption, that protects your information surrounding this process. Their system maintains the privacy data. The informations will not selled, or leased to others. To give an idea to as SnapContract works has been created a product tour, which make to see a sample contract creation by two parties.
